The Ministry of Road Transports and Highways is planning to take over the State Highways with high traffic density from the State Governments for a period of 25 years. Therafter, those state highways will be converted into 4 or 6 lane highways and then the Centre will collect toll from those highways.
This was stated by Union Road Transport and Highways Minister Nitin Gadkari in a virtual address at Association Of National Exchanges Members Of India (ANMI)’s 12th International Convention which was held in Mumbai on 15 October. After a period of 12-13 years, the investments will be fully recovered from those state highways along with intersts and land acquisition costs, further added Shri Gadkari.
He urged that investments in the infrastructure sector of the country will be risk-free and yield good returns and called for cooperation in the investment for infrastructure. We can export energy to the world if we channel our investments to waste management, green hydrogen, solar, and several such projects. Innovation, Entrepreneurship, Science, and Technology is the wealth of future India.”
The Centre has given the highest priority to development of infrastructure in the country, he added.